Answer: false
Explanation: The first statement in the given case is correct as accounting is based on determining net income. Whereas, the subject matter of finance is related to increase the value of the company and the value of its shareholders wealth.
Finance does not only focus on net income but it also focuses on other aspects like liquidity, future potential etc.
Hence the given statement is false.
Answer:
c
Explanation:
The federal reserve systems responsibilities include influencing the supply of money and credit to banks
Be reasonable
Explanation:
Be reasonable where u use logic and strong motives which consequently improves your way of thinking
I hope that I answered u
Answer and Explanation:
There are several reasons why the number of lawsuits against auditors and the size of awards to plaintiffs has increased. Mainly, <em>Certified Public Accountant (CPA) firms are most likely to solve legal issues with companies in front of inaccuracies in audits without a judicial process</em> to avoid the fees, possible penalties they will have to take charge if found at fault. Thus, more lawsuits are created under that situation because those practices are not considered legal even if the plaintiff decides to come up to a resolution that way. This is because firms could still be operating unethically unless the law enforces laws in their operations.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $6,750).
Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]
Year 1= 2*[(67,500 - 6,750)/9]= $13,500